On July 3, eBay rose 3.16% in regular trading, trading at $114.79/share, with turnover of $92.43 million. The stock gained momentum as GameStop reiterated its commitment to pursuing the approximately $56 billion cash-and-stock acquisition of eBay despite the board's formal rejection.

GameStop disclosed that its fiscal year adjusted EBITDA is expected to exceed $600 million, a significant jump from the prior year's $345.4 million, signaling strengthened financial capacity to fund the bid. The company has also raised its stake in eBay to approximately 6.55%, fueling market expectations that a proxy fight could escalate further. The persistent acquisition premium expectation continues to provide support for eBay's share price, as CEO Ryan Cohen has publicly stated he will take all necessary steps to advance the deal, including potentially bringing the offer directly to eBay shareholders.

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